SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Sets New 1-Year High – Still a Buy?

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) shares reached a new 52-week high on Wednesday . The company traded as high as $52.43 and last traded at $52.2320, with a volume of 134890 shares traded. The stock had previously closed at $52.12.

SP Funds S&P 500 Sharia Industry Exclusions ETF Price Performance

The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 30.44 and a beta of 1.04. The stock has a fifty day moving average of $51.28 and a two-hundred day moving average of $49.36.

SP Funds S&P 500 Sharia Industry Exclusions ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, January 26th. Shareholders of record on Friday, January 23rd were issued a $0.026 dividend. The ex-dividend date was Friday, January 23rd. This is an increase from SP Funds S&P 500 Sharia Industry Exclusions ETF’s previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a yield of 0.6%.

Institutional Investors Weigh In On SP Funds S&P 500 Sharia Industry Exclusions ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jaffetilchin Investment Partners LLC increased its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 69.8% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 12,682 shares of the company’s stock valued at $563,000 after buying an additional 5,212 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter valued at approximately $207,000. Farther Finance Advisors LLC raised its position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% during the fourth quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock worth $5,883,000 after purchasing an additional 14,261 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the second quarter worth approximately $1,674,000.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.